SEPTEMBER 2022 Edition
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TALL
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REAL ESTATE MARKET REPORT
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6733 NW 105th Lane
16oz Parrot Realty
JUST LISTED
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SEPTEMBER 2022 Edition
Michael Citron
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From Your Real Estate Expert
Michael Citron
The Back to School Market has certainly shown face. We are seeing the buyer demand slow down as many parents aren’t looking to make moves at the start of the school year. Inventory has increased across Parkland and there are certain communities that have larger months of supply. Tall Pines has 3 Homes available and 1 under contract, of which 40% of the homes have had price reductions. This data shows that homeowners have to be a bit more aggressive in their pricing strategy. Tall Pines has a 7 months supply of inventory and an average of 31 days on market. Homes are selling significantly fast in Tall Pines, as it remains a desirable community. When you are looking to sell your home keep in mind to list with a Top Selling Realtor who uses a unique marketing campaign to get you the best offer. Please be on the lookout for our market update in the Parklander every month for an in-depth look into the market and past sales in Parkland & Coral Springs as well as my Personal Insight as to what we can expect in the 3rd quarter of 2022.
FOX RIDGE
6733 NW 105th Lane JUST LISTED $1,284,900
9
T A L L
SINGLE FAMILY MARKET REPORT
3
SEPTEMBER 2022 MARKET REPORT
1
ACTIVE LISTINGS
P I N E S
MEDIAN SALES PRICE*
5 Beds
Pool
4 Full Baths
$300,000 Custom Upgrades
NUMBER OF HOMES SOLD*
2021-2022 Comparison
2021-2022 Comparison
PENDING SALES $1,800,000
7
$1,650,000
1/4
6
$1,500,000 $1,350,000
PRICE REDUCTIONS
5
$1,200,000
4
$1,050,000
$900,000
3
SOLD IN PAST 180 DAYS
31
AVERAGE DAYS ON MARKET
3
$750,000
$600,000
TALL PINES
2
$450,000
$300,000
6030 NW 84th Terrace
1
$150,000
0
$1,850,000 MEDIAN SALES PRICE
$150,000 OVER LIST PRICE | SOLD FOR $1,850,000
0 MAY
JUNE
JULY
AUG
MAY
* Data shown for the sales in Tall Pines is based on the MLS as of September 14, 2022 and is deemed to be reliable but should be verified.
JUNE
JULY
2021 2022
AUG
4 Bedrooms
Pool
5 Full Baths
Custom Upgrades
Represented Seller